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Aker ASA ( (AKAAF) ) has issued an update.
Aker ASA has completed its subscription to shares in Nscale Global Holdings Ltd. and finalized the establishment of a 50/50 joint venture, Aker Nscale, in Narvik, Norway. This venture, supported by significant partnerships with Microsoft and OpenAI, aims to address the growing demand for clean AI compute capacity in Europe. Aker’s strategic positioning in this venture allows it to benefit from long-term value creation and market opportunities, while also marking a significant industrial development for Norway.
The most recent analyst rating on (AKAAF) stock is a Hold with a NOK815.00 price target. To see the full list of analyst forecasts on Aker ASA stock, see the AKAAF Stock Forecast page.
More about Aker ASA
Aker ASA is a company involved in the development of secure, scalable, and energy-efficient infrastructure tailored for AI workloads across Europe. It operates in the technology and infrastructure industry, with a focus on sovereign AI compute capacity.
YTD Price Performance: 40.45%
Average Trading Volume: 39,572
Current Market Cap: NOK54.75B
See more insights into AKAAF stock on TipRanks’ Stock Analysis page.